The Central Board of Direct Taxes (CBDT) has issued a new guidance note on the Principal Purpose Test (PPT) for claiming tax treaty benefits, which will be applied prospectively. The grandfathering provisions under the India-Cyprus, India-Mauritius, and India-Singapore DTAAs remain unaffected by this new PPT provision and will continue to be governed by the specific provisions in their respective treaties.
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Terrorists have shifted focus to the Jammu region, escalating jungle warfare due to decreased numbers in Kashmir. The crucial role of the J&K police, supported by the Army and paramilitary forces, is highlighted. Increased infiltration from Pakistan and decreased Army presence in Jammu exacerbate the situation.
Canada’s Liberal Party revoked Indian-origin MP Chandra Arya’s bid for the party leadership and his nomination in his own constituency due to alleged ties with the Indian government, including undisclosed meetings with Indian officials. Arya denies these allegations and cites his opposition to the Khalistan movement as a possible reason.
External Affairs Minister S Jaishankar highlights India's efforts to rebuild regional relationships post-partition, taking a strong stance against Pakistan's support for cross-border terrorism. He emphasizes ongoing efforts to resolve India-China border issues, importance of India-Russia economic cooperation, and advocacy for dialogue in the Ukraine conflict.
Uttar Pradesh chief minister Yogi Adityanath said that the 'bulldozer model' used by his government is a necessity rather than an achievement. He justified its use for both infrastructure development and removing illegal structures. Earlier, Adityanath emphasised that law and order are upheld through these actions, and opponents must be dealt with in a language they understand to maintain justice.
Ahead of PM Modi's visit to the US, the Union Budget reduces import duties on bigger bikes, benefiting companies like Harley-Davidson. While cars like Tesla saw a customs duty cut, the actual effective tax remains unchanged due to the newly added Agriculture Infrastructure and Development Cess.
The extradition of 26/11 attack accused Tahawwur Rana to India could shed light on the involvement of Pakistan's security apparatus, says public prosecutor Ujjwal Nikam. The U.S. Supreme Court's approval of Rana's extradition is considered a significant triumph for India.
Medical professionals in Kolkata, disheartened by the court's ruling, question why the rape and murder of a PGT doctor at RG Kar Medical College is not considered a 'rarest of rare' crime. They continue to demand justice and broader social and policy changes despite convict Sanjay Roy's sentencing.
Shashi Tharoor revealed he was named after Lord Shiva's crescent due to his birth on Mahashivratri. He shared this personal detail amidst speculations of tension with Congress leadership, following his recent interactions and dissatisfaction over his role. Tharoor's recent actions, including praise for Kerala's Left government, indicate ongoing friction within the party.
PM Modi emphasizes peace and non-violence in his address at the Pravasi Bharatiya Divas convention, referencing India's historical commitment through figures like Ashoka. He praises the Indian diaspora for upholding Indian values and proposes preserving their history through documentation and research.
The road transport ministry has proposed to Finance ministry toll exemptions for National Highways with less than four lanes and annual passes costing approximately Rs 3,000 for unlimited car travel. These initiatives aim to ease the financial burden on commuters. Exemptions primarily target publicly funded roads where collection costs outweigh revenue, while annual passes seek to provide relief without significantly impacting revenue from commercial vehicles.